MP Western Announces Results of a Vote in Favour of an Arrangement
29 Giugno 2011 - 11:30PM
Marketwired
MP Western Properties Inc. (TSX VENTURE: MPW.H) ("MPW") is pleased
to announce the results of a vote held at the annual and special
general meeting of shareholders in favour of completing the
previously announced plan of arrangement (the "Arrangement") among
MPW, MPW's shareholders and Madison Pacific Properties Inc.
("Madison").
The vote in favour of the Arrangement was approved by over 99%
of the votes cast by holders of MPW's voting shares and non-voting
shares and by a majority of the minority voting shareholders of
MPW, each voting separately as a class. Final court approval will
be sought from the Supreme Court of British Columbia on July 7,
2011.
Under the terms of the Arrangement, Madison will acquire all of
the issued and outstanding shares of MPW held by minority
shareholders of MPW in exchange for a cash payment of $0.06 per
share. Madison and MPW encourage those shareholders of MPW to
tender their shares of MPW, along with a completed letter of
transmittal to CIBC Mellon Trust Company.
Forward Looking Statements
Certain statements in this press release may not be historical
and may constitute forward-looking statements reflecting financial
performance. Investors are cautioned that all forward-looking
statements involve risks and uncertainties, including the risk that
there is no assurance that the transactions contemplated by the
Arrangement will be completed as proposed or at all.
Forward-looking statements are based on management's estimates,
beliefs and opinions on the date the statements are made. Except as
required by law, MPW assumes no obligation to update
forward-looking statements if circumstances should change.
Additional information on these and other potential factors that
could affect MPW's financial results are detailed in documents
filed from time to time with the applicable Canadian securities
regulatory authorities. Investors are cautioned that, except as
disclosed in the management information circular sent to MPW
shareholders in connection with the Arrangement, any information
regarding the Arrangement may not be accurate or complete and
should not be relied on.
Neither NEX nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.
Contacts: MP Western Properties Inc. Mr. Bill Ramsey Chief
Financial Officer 604-732-6540
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